About 576-588 Olds Street
VALUE-ADD OFFICE INVESTMENT OPPORTUNITY: Two buildings totaling 10,000 SF on 2.37-acre parcel in Jonesville, Michigan. Building 1 (576) is a 6,000 SF multi-tenanted office/retail building with 4 suites. Existing tenants include Leigh Raddatz, CPA and Willow Insurance Group. Building 2 (588) is a 4,000 SF single-tenanted office building occupied by the USDA since 1999. Property offers 2 access drives, 93+/- parking spaces and monument/pylon signage. Zoned HC, Highway Commercial District in the Village of Jonesville, this highly visible site is located southwest of downtown Jonesville at the entrance to Jonesville Industrial Park. A 13% in-place income cap rate and $50/SF makes this a great value-add property for an owner/investor.
Features of 576-588 Olds Street
| MLS® # | 23012825 |
|---|---|
| Price | $499,000 |
| Bathrooms | 0.00 |
| Square Footage | 10,000 |
| Acres | 2.37 |
| Year Built | 1995 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 576-588 Olds Street |
|---|---|
| Area | Hillsdale County - X |
| City | Jonesville |
| County | Hillsdale |
| State | MI |
| Zip Code | 49250 |
Amenities
| Parking | Paved |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| # of Fireplaces | 2 |
Exterior
| Roof | Composition |
|---|
School Information
| District | Jonesville |
|---|
Additional Information
| Legal | Attached |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
| Water | Public |
Financial Details
| Annual Property Tax | $15,539 |
|---|---|
| Tax ID # | 210082000150863 |
| Taxable Value | 245807.00 |
Listing Details
| Agent | Jodi Milks |
|---|---|
| Office | NAI Wisinski of West Michigan |